Pension Archives

Old mutual renews its partnership with Misa Malawi

Aug 22, 2023 Martha Chikoti 0 &

Old Mutual on Monday renewed its partnership with Malawi Institute for Southern Africa (Misa) Malawi Chapter at Mtolankhani house in Lilongwe. The insurance company started its partnership with Misa Malawi in 2020 where it has… ...

Should MalawianMPS Get Paid Even After Their Term of Office?

Aug 06, 2023 Burnett Munthali 0 &

The definition of retirement refers to that part of any person's life when they choose to leave their work-life behind permanently. Many people decide to quit their workforce when they are old or sick enough… ...

Parliament passes Pensions amendment Bill

Dec 16, 2022 Mike Kalumbi 0 &

Parliament yesterday passed the Pensions Amendment Bill which, among others, provides for increasing the proportion of pension benefits to be paid as a lump sum at retirement from 40 to 50 percent. The bill also… ...

RBM calls for awareness on pension rights

Nov 26, 2021 Malawi24 Reporter 0 &

The Reserve Bank of Malawi (RBM) has urged employees in the country to be aware of their rights under the Pensions Act and ensure that they have been put on the National Pension Scheme by… ...

Statutory bodies hiding K5.7 billion

Jan 13, 2019 Russell Kondowe 0 &

Eighteen statutory bodies in Malawi are hiding K5.7 billion meant for pension contribution. According to a press release by the Registrar of Financial Institutions, the statutory bodies have not remitted pension contribution totaling K5.7 billion… ...